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The agreement comes on the same day Jones was in New Jersey meeting with the New York Giants, according to Rapoport.

The Ravens have been busy keeping their in-house talent in the building this month. Jones, left tackle Eugene Monroe and tight end Dennis Pitta all have signed rich new deals with the team.

Jones is a Super Bowl XLVII hero who provides great value as a return man and deep threat for Joe Flacco. Pairing Jones with Torrey Smith and a healthy Pitta could do wonders for a Ravens offense that sputtered badly last season. If they can add Steve Smith (as has been rumored), even better.